Andy Lee Contract Extension Details

Brian McIntyre, over at NFL.com, has managed to piece together the details of Andy Lee's contract extension courtesy of a source with knowledge of the deal. Initial reports on the deal had it set at six years and $20.5 million with $7.1 million coming in the first two years. The new contract fully guarantees the $1.1 million Lee was scheduled to earn in 2012.

The deal includes $25,000 in All-NFL team incentives for each season, including 2012. Since Lee was named All-NFL last season, it becomes a "Likely To Be Earned" incentive this coming season, but appears to be an "unlikely to be earned" incentive in future years based on the salary cap projections by McIntyre.

For this deal, Lee averages $3.4 million per year. This ranks third among NFL punters behind Raiders punter Shane Lechler ($4M) and Chargers punter Mike Scifres' ($3.625M). Lee obviously enjoys himself here and loves his coverage units, so he would seem to have taken a bit of a discount to stick around.

Head after the jump for a breakdown of Lee's new contract.

Signing Bonus: $2.5 million

2013
Base Salary: $1.8 million
Roster Bonus: $1.75 million
All-NFL Team incentive: $25,000
Cap #: $4.05 million
If on roster on fifth day of 2013 league year (basically five days after free agency starts), salary and bonus become fully guaranteed

2014
Base Salary: $1.9 million
All-NFL Team incentive: $25,000
Cap #
: $2.4 million

2015
Base Salary: $2.05 million
All-NFL Team incentive: $25,000
Cap #: $2.55 million

2016
Base Salary: $2.833 million
All-NFL Team incentive: $25,000
Cap #: $3.333 million

2017
Base Salary: $3.433 million
All-NFL Team incentive: $25,000
Cap #: $3.433 million

2018
Base Salary: $4.134 million
All-NFL Team incentive: $25,000
Cap #: $4.134 million

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